Fattal Hotel Group has acquired Cora Resort and Spa, a five-star, 181-room property in Greece, from global private investment company Bain Capital.
Bain Capital’s Special Situations team in Europe managed the investment, which included asset origination, redevelopment, operational oversight, and the eventual exit.
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The company implemented a refurbishment programme for Cora Resort and Spa in Afytos, Chalkidiki, with €24m ($28m) invested to reposition the property as a five-star destination.
The hotel now features multiple restaurants and bars, along with a dedicated wellness centre.
After opening in July 2023, the property benefited from active operational management, including a transition of management during 2024 that led to improved performance.
Fattal Hotels operates over 320 hotels spanning more than 120 destinations globally.
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By GlobalDataBain Capital operating partner Rob Mangan said: “Together with our local partners, we took a very hands-on approach at Cora, executing a major refurbishment and repositioning programme and then actively managing the operations to drive performance.
“The result is a high-quality, five-star resort in one of Greece’s most attractive leisure markets. This sale reflects sustained investor appetite for well-located, well-invested hospitality assets, and we are pleased to hand the property to an owner with deep sector experience.”
Fattal Hotels M&A managing directors Guy Vardi and Yaniv Amzaleg said: “Greece and the wider Mediterranean basin have shown exceptional performance in recent years, and expanding our footprint in this market remains a strategic priority.
“This asset, which will be rebranded as Meravia Hotel by Leonardo Limited Edition, represents a unique opportunity to introduce a high-end product in one of the most exciting hospitality markets today.”
In September 2025, Bain Capital invested in French boutique hotel group Les Hôtels de Paris, as part of its strategy to expand in the European hospitality sector.
